S.Amdt. 2762

SA 2762. Mr. LEE submitted an amendment intended to be proposed to
amendment SA 2360 proposed by Mr. Thune (for Mr. Graham) to the bill
H.R. 1, to provide for reconciliation pursuant to title II of H. Con.
Res. 14; which was ordered to lie on the table; as follows:

At the appropriate place in chapter 5 of subtitle A of
title VII, insert the following:

SEC. _____. TERMINATION FOR BATTERY AND ENERGY STORAGE
CREDITS.

(a) Clean Electricity Investment Credit.--Section 48E(e),
as amended by this Act, is amended--
(1) in paragraph (1), by striking ``paragraph (4)'' and
inserting ``paragraphs (4) and (5)'',
(2) by striking subparagraph (C) of paragraph (4), and
(3) by adding at the end the following new paragraph:
``(5) Termination for energy storage technology.--This
section shall not apply to any energy storage technology
unless--
``(A) such energy storage technology is placed in service
by the taxpayer on or before December 31, 2027, and
``(B) construction begins with respect to such energy
storage technology on or before the date which is 60 days
after the date of the enactment of this paragraph.''.
(b) Effective Date.--The amendments made by this section
shall take effect on the date of the enactment of this Act.
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